All Forum Posts by: Luka Milicevic

Matt Anderson at Anderson Legal

Google Anderson Legal Nashville and his contact info will come up. Specializes in RE law. 

Home inventory is still painfully low. The data taken between Nov and Dec isn't going to be all that helpful as those two months are always slow.

If rates do go down to around 5ish there will once again be blood in the water. I hope, for the sake of homebuyers and especially first time home buyers that rates don't go back down to low 5s. It will be a buying frenzy and they will once again be priced out with how fast prices are going to shoot up. 

New construction has to pick up....HAS TO...before we can get any sort of balance in the market. 

Trends I'm seeing is that we have to increase density to make housing more affordable. Townhomes are going to be very popular, especially with first time buyers. 

As an investor, I'm always buying and I'm always selling. 

@Harrison Glaude

When you say cabin...are you talking about a true cabin or a single fam home that you're just calling a cabin? 

The "off grid" part is not a problem, but as mentioned above if you're doing some sort of cabin kit you might run into some issues with lending.

The other issue I see is banks do not like self permitting or unlicensed contractors. Basically...they don't want you to build your own home with their money. I had a friend who recently built his house by self permitting and being his own GC. He said there wasn't a single bank that would finance the construction. He ended up having to do a private money loan to get it done, which as you can imagine was very expensive. 

On a side note. I absolutely love this idea and would definitely want to do it myself someday. 

Personally - I started my investing journey in 2013. So 10 years now. 

I would say my investments during that time were equally spread out between stocks and RE. I only invest in VTI (Overall SP index). 

Not including the benefits of depreciation, my RE returns have BLOWN stock returns out of the universe. Not even close to comparable, and I mean not even close. 

@Brendan Plester

I would not recommend going the arbitrage route. Not much of a viable strategy anymore. Back in 2016 it worked, but times have changed.

If you want to get into the STR game you're most likely going to have to buy the actual property.

Hey BP,

I have a good friend of mine who is currently going through a divorce. 

He has two options with the house

1-sell and split the proceeds

2-Keep the house and payout his spouses equity portion over the next 10 years

He wants to keep the house as he has a low interest rate that he will never be able to get again. 

One of the suggestions was to assume the loan to get her off the mortgage, but the lender said that he is "pretty sure" that mortgage assumptions are only possible when someone is purchasing the property.

My question is, are there scenarios or suggestions for keeping the house and existing loan and not having to refinance to get her off the loan? 

Most definitely keeping the existing financing in place. Investor rates are going to be in the high 7s, possibly 8s, so a 5% rate would be a pretty incredible rate

 Add me please

@Jamarique Wynn

I'm in the area. 

Way too many variables to give any sort of advice here with the limited knowledge. 

A lot of it is going to come down to your basis in the property and what sort of financing you have vs what financing you can get. At least that's what my first thoughts would be before I dive into ROI and opportunity costs.

With the correct plan and strategy you can succeed in both markets. 

Both markets are extremely competitive and you can expect to have to work really hard to get deals under contract.